Commission Regulation (EU) No 244/2010 of 23 March 2010

The Commission Regulation (EU) No 244/2010 of 23 March 2010, published in the Official Journal of the European Union L 77 on 24 March 2010, amends the IFRS 2, providing clarification on the accounting treatment of share-based transactions in which the supplier of the goods or services is paid in cash and the obligation is incurred by another group entity (group cash-settled share-based payment transactions). It deletes IFRIC 8 and IFRIC 11.

The Regulations shall be applied, at the latest, as from the commencement date of its first financial year starting after 31 December 2009.